EUR/USD Price Analysis: Outlook shifts to constructive above 1.0800

Valbury | 2023-11-20 18:48

Abstract：EUR/USD strengthens the pace and surpasses the 1.0800 hurdle for the first time since early September.

- EUR/USD shot past the 1.0800 barrier, or multi-week highs.

- Extra gains are possible while above 1.0800.

EUR/USD strengthens the pace and surpasses the 1.0800 hurdle for the first time since early September.

A clear break of 200-day SMA, today at 1.0801, would shift the pair's outlook to a more constructive one and open the door to a challenge to the weekly high of 1.0945 (Aug 30).

EUR/USD Daily Chart

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